[brey4me]

Redmon company uses a sales journal, a purchase journal, a cash receips journal, a cash disbursements journal and a general journal. The following transactions occur in the month of June.

June 1 Purchased $8100 of merchandise on credit from Vick, Inc. terms n/30

8 Sold merchandise costing $900 on credit to R. Panke for $1500 subject to a $30 sales discount if paid by the end of the month

14th Purchased $240 of store supplies from Poe Company on credit, terms n/30

17th Purchased $260 of office supplies on credit from Rehmer Company, terms n/30

24th Sold merchandise costing $400 to L. Barnett for $630 cash

28th Purchased store supplies from Piburn's for $90 cash.

29th Paid Vick, Inc. $8100 cash for the merchandise purchsed on June 1.

Prepare headings for a purchase journal like the one in Ex. 7.9 Journalize the June transactions that should be recorded in the purchases journal.


*** Could someone please help me with this, as I don't get it...